Howzat Partners leads DKK 25m series-A for Bownty

In addition to Howzat, the round saw participation from Danish VC Seed Capital and a number of local business angels.

The fresh funding will likely be used to support acquisitions for Bownty, as the market for deal-website aggregators in Europe is undergoing consolidation. Last year, Bownty acquired rival website Yunait, and the company is eyeing several smaller competitors as potential acquisition targets.

Additionally, the DKK 25m will also support the company's expansion into the north American market.

Previous funding
Bownty first received venture funding in January 2012, when Seed Capital led a €500,000 seed round for the company.

In April 2012, Accelerace Invest teamed up with Seed Capital for a follow-up round of €840,000.

Company
Copenhagen-based Bownty is a website that lets users find and compare deals across online deal websites such as Groupon.

Founded in 2011, the company claims it has 2.2 million users and offers deals from more than 100 sites.

Bownty had revenues of DKK 135m last year and employs a staff of 40.

People
Steffen Frølund is the CEO and a co-founder of Bownty. Hugo Burge is a co-founder and partner at Howzat.

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• Topics
• Nordics
• Expansion
• Technology
• SEED Capital
• Denmark